Morning Report (Trive Yatırım Menkul Değerler )

RED SEA TENSION AND MOODY'S JADE SINKS MARKETS
" The BIST100 fell yesterday by 0.15% to 8032, and with a turnover of TRY 81.5bn, on a see-saw trading session, and though there was a moment of slight hope that the market would add-on to its brief gains, the dark clouds never really cleared away, thanks to the continuing sales in the Banks on the aftermath of the Moody's decision, and the increase in the tension in the Red Sea, with the sinking of a Greek vessel by the Houthis, coupled with the ECB officials also expressing different opinions, but have largely pushed back on market expectations of rate cuts starting as soon as spring, during their limelight in Davos.
" The Banks continued to bleed heavily after the Moody's decision on Friday, closing a further 1.71% lower, and rising fuel and geopolitical tension also hit the Aviation stocks, whereas the REITs and Industrial stocks, managed to diverge positively from their peers.
" TCELL-AKSEN and TUPRS were yesterday's most bought blue-chip stocks, whereas GARAN-AKBNK and HEKTS were the most sold.
" As of print, the TRY is trading a tad weaker against the USD and the Euro at 30.12 and 32.76, respectively, while the DXY is also a bit higher this morning at 103.45. The 2yr and 10yr Bond Rates once again closed higher yesterday by 53bps and 7bps to 41.71% and 27.14%, respectively. The 5yr CDS rates are currently at 316.
" Brent appears to have calmed down, trading lower this morning at $77.31, and Ounce and Gram GOLD are also continuing their downwards regression at $2020 and TRY 1956, respectively, after yesterday's comments from Waller.
" Federal Reserve Governor Christopher Waller acknowledged Tuesday that interest rate cuts are likely this year but said the central bank can take its time relaxing monetary policy.
AGENDA:
" Housing Price Index will be released on the local front, while the Wholesale Figures, Industrial Production, Capacity Utilization Rate, and the Fed Beige Book will be released from the US, while the Eurozone and the UK will release their inflation numbers.
CORPORATE:
" KFEIN: Disclosed that a Commercial Partner Agreement is signed between Google Cloud EMEA Limited and the company to become a partner in the fields of Google Cloud Data, Infrastructure and Cyber Security Solutions in the entire SEEMEA (Southern Europe and Emerging Markets) region, especially the Middle East.
" ANHYT: Disclosed that the company's gross premium production for 2023 on life branch amounted to TL 7,066,740,268.59, non-life branch was TRY 1,550,964.67 and the overall premium production amounted to TRY 7,068,291,233.26.

 
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                        Yasal Uyarı
 
  Burada yer alan yatırım bilgi, yorum ve tavsiyeler yatırım danışmanlığı kapsamında değildir.Yatırım danışmanlığı hizmeti ; aracı kurumlar, portföy yönetim şirketleri, mevduat kabul etmeyen bankalar ile müşteri arasında imzalanacak yatırım danışmanlığı sözleşmesi çerçevesinde sunulmaktadır.Burada yer alan yorum ve tavsiyeler, yorum ve tavsiyede bulunanların kişisel görüşlerine dayanmaktadır.Bu görüşler mali durumunuz ile risk ve getiri tercihlerinize uygun olmayabılır.Bu nedenle, sadece burada yer alan bilgilere dayanılarak yatırım kararı verilmesi beklentilerinize uygun sonuçlar doğurmayabilir.